I know that MTR are fully committed to the Botswana JV. I think...

I know that MTR are fully committed to the Botswana JV. I think it's more that major lenders (needed to help fund the massive costs of building a mine) will not be interested in lending to a 70/30 split JV. The figure I have been given for when they are prepared to get the cheque book out is 90/10.

MTR aren't preparing a selfish exit strategy from their jewel in the crown asset, more working hard with MOD towards getting in the right position to be seen to be going to whole hog to build a mine, in order for the project to be bought out by a major.

Just my thoughts and research.